Contemporary Brick
New
For Sale
$2,550,000
61-36 Cloverdale Blvd, Oakland Gardens, NY 11364
Two-unit residence with a four-bedroom owner’s layout, separate one-bedroom apartment, garage, and paved driveway.
Property Size3,430 SF
Price / SF$743.44
Days on Market5
Property Features for 61-36 Cloverdale Blvd
General Information
Standard status
Active
Size
3,430 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$20,121
Building Details
Building Size
3,430 SF
Year Built
2009
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
B Square Realty
Listed By:
Wujie Zhao · License #10401305423
(718) 939-8388
Source:
Cottiemaxwellrealestate
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 at 8:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of B Square Realty
Investment Insights
Based on property information with market context.
Built in 2009, this brick duplex combines a spacious primary residence with a separate one-bedroom apartment. The owner’s unit includes a living room, formal dining area, kitchen, half-bath, four upstairs bedrooms, a private primary bath, an additional full bathroom, and two balconies. Hardwood flooring, a curved staircase, and a two-story foyer add distinctive interior character.
The rear apartment has its own separate configuration, while the basement provides a private entrance and additional space for future use. Total interior living area measures 3,430 sq ft. The property also includes a detached garage and an extended paved driveway at 61-36 Cloverdale Blvd in Oakland Gardens, NY.
The rear apartment has its own separate configuration, while the basement provides a private entrance and additional space for future use. Total interior living area measures 3,430 sq ft. The property also includes a detached garage and an extended paved driveway at 61-36 Cloverdale Blvd in Oakland Gardens, NY.
Key Highlights
- 3,430 sq ft of combined interior living space
- Owner’s unit includes four bedrooms and two full bathrooms
- Separate one‑bedroom rental apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,676,880
$1.7M
Cap Rate 7%
$1,197,771
$1.2M
Cap Rate 9%
$931,600
$931.6K
Market Conditions
NOI Build-Up for 3,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$158.5K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.4K $44.44/SF
− OpEx
−$68.6K −$20.00/SF
NOI
$83.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,676,880
Cap Rate 7%
$1,197,771
Cap Rate 9%
$931,600
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,844 @ 7.0% cap · market cap 3.29%
Second Best
Multifamily LT 5
$811.0K
$709.7K – $946.2K
NOI $56,772 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,004 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 11364, NY
37,032
Population
14,527
Households
2.5
Avg Household Size
45
Median Age
49%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
14,813
Density / Sq Mi
$101,222
Median Household Income
$55,295
Median Earnings
$2,330
Median Rent
$770,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with a four-bedroom owner’s layout, separate one-bedroom apartment, garage, and paved driveway.
Where is this duplex located?
The property is located at 61-36 Cloverdale Blvd Oakland Gardens, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 3,430 sq ft of combined interior living space; Owner’s unit includes four bedrooms and two full bathrooms; Separate one‑bedroom rental apartment
